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Tag: Intrinsic value


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UK £135 import VAT threshold – what is intrinsic value?

UK £135 import VAT threshold – what is intrinsic value?

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The UK’s ecommerce import VAT and deemed supplier online marketplace changes on 1 January 2021 included the obligation to charge output (sales) VAT on import consignments not exceeding £135 intrinsic value. But how is this £135 threshold calculated? And what if the consignment is made-up

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